Ronald A. Williams Named President of Aetna Inc.

HARTFORD, Conn., May 17, 2002 — Aetna Chairman, President and CEO John W. Rowe, M.D., announced today the appointment of Ronald A. Williams as president of Aetna (NYSE: ΑET), effective May 27. In addition to continuing to lead the Health business, Aetna Group Insurance, Large Case Pensions and National Medical Services also will report to Williams.

"Ron Williams is an outstanding business leader, who has contributed significantly to the turnaround under way at Aetna," Dr. Rowe said. "Ron's extensive industry experience and focus on operational excellence have been key factors in the initial success we have been able to achieve.

"With this promotion, Ron will take responsibility for integrating additional businesses and operational areas to achieve our strategic goals. Specifically, we intend to advance our customer-focused efforts to integrate group life, disability and long-term care benefits with health care benefits, giving both employers and individuals more comprehensive benefits solutions.

"Also, to help meet our members' need for affordable, high-quality health care, we intend to align more closely our medical management and network contracting strategies, working closely with physicians and hospitals," Dr. Rowe said.

Williams will continue as a member of the Office of the Chairman, along with Dr. Rowe; David B. Kelso, executive vice president for Strategy & Finance; and L. Edward Shaw, Jr., executive vice president and general counsel. Kelso and Shaw will continue to report to Dr. Rowe.

Aetna is one of the nation's leading providers of health care and related group benefits, serving approximately 15.0 million health care members, 12.1 million dental members and 11.9 million group insurance customers, as of March 31, 2002. Information about Aetna is available at www.aetna.com.



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